Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 3.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,015,066 shares of the construction company’s stock after purchasing an additional 33,028 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of D.R. Horton worth $99,162,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Parnassus Investments LLC lifted its holdings in shares of D.R. Horton by 208.9% in the fourth quarter. Parnassus Investments LLC now owns 9,903,292 shares of the construction company’s stock worth $882,779,000 after buying an additional 6,697,209 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in D.R. Horton by 101,707.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after purchasing an additional 4,364,275 shares during the period. Norges Bank purchased a new position in shares of D.R. Horton during the 4th quarter valued at $247,001,000. Invesco Ltd. increased its holdings in shares of D.R. Horton by 17.0% in the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after purchasing an additional 694,155 shares during the period. Finally, Smead Capital Management Inc. raised its position in shares of D.R. Horton by 17.1% in the fourth quarter. Smead Capital Management Inc. now owns 2,878,596 shares of the construction company’s stock worth $256,598,000 after buying an additional 420,319 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.
D.R. Horton Trading Up 3.0 %
NYSE:DHI opened at $130.31 on Friday. The firm has a market capitalization of $44.44 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.73 and a beta of 1.54. The company has a quick ratio of 1.27, a current ratio of 6.80 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average of $114.62 and a 200 day moving average of $103.24. D.R. Horton, Inc. has a 52 week low of $66.01 and a 52 week high of $130.45.
D.R. Horton Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, May 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.77%. The ex-dividend date was Tuesday, May 2nd. D.R. Horton’s dividend payout ratio (DPR) is currently 6.74%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Citigroup upped their target price on D.R. Horton from $115.00 to $124.00 in a research note on Friday, April 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of D.R. Horton in a research report on Wednesday, May 31st. They set a “buy” rating and a $150.00 target price for the company. StockNews.com began coverage on shares of D.R. Horton in a report on Thursday, May 18th. They issued a “hold” rating on the stock. JMP Securities upped their target price on shares of D.R. Horton from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of D.R. Horton in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.34.
Insider Buying and Selling at D.R. Horton
In other news, CFO Bill W. Wheat sold 32,000 shares of D.R. Horton stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $117.81, for a total transaction of $3,769,920.00. Following the sale, the chief financial officer now owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other D.R. Horton news, CFO Bill W. Wheat sold 32,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $117.81, for a total value of $3,769,920.00. Following the completion of the sale, the chief financial officer now directly owns 219,115 shares in the company, valued at $25,813,938.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Paul J. Romanowski sold 40,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $112.16, for a total value of $4,486,400.00. Following the sale, the chief operating officer now directly owns 84,268 shares in the company, valued at $9,451,498.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,000 shares of company stock valued at $14,207,660. 0.61% of the stock is currently owned by company insiders.
D.R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 106 markets across 33 states under the names of D.R.
Read More
- Five stocks we like better than D.R. Horton
- MarketBeat Week in Review – 7/10 – 7/14
- Wells Fargo’s Earnings, Why Markets Are Loving The Stock
- Citigroup Leads Banking Earnings, What’s Next?
- BlackRock Kicks Off Financials Earnings Season, Gauge To Markets
- JPMorgan Chase Is In Reversal But Don’t Chase It Higher
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI – Free Report).
Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.
